Category Archives: Forex Education

US dollar continues to fall US stock markets and Treasury yields are higher but dollar selling is turning into a rout. Here are some spots to watch: EUR/USD: The euro has climbed above 1.14 in a one-cent rally. It’s the best level since early on Monday. Watch Monday’s high of 1.1409, which is just a…

Euro up 75 pips The story today is the US dollar as it slumps in North American trade on flows and political drama. The euro has brushed aside today’s soft IFO report and regained nearly all of yesterday’s decline. That helps to underscore support in the 1.1260-80 range.

S&P 500 futures up 26 points Shares of Intel are down 6% in the pre-market but other earnings (including Starbucks) have helped to boost futures, along with speculation about a shutdown solution and US-China trade deal. Trump said he would support an agreement if McConnell and Schumer reached an agreement.

Forex news for North American trade on January 25, 2018: Markets: – Gold up $22to $1303 – WTI crude up 45-cents to $53.58 – US 10-year yields up 3 bps to 2.75% The US government shutdown deal gave USD/JPY a brief lift to 109.90 from 109.60 but it eventually gave it all back and the…

Gold up $18 on the day Gold briefly rose to $1300.49 in a rally to the highest since June and a potential break above the recent range of consolidation. A close above $1300 would be key with the June 2018 high of $1311 as the next level to watch.

Chief whip says government could re-open deal The next move in the Brexit playbook might be for Parliament to vote for a legally-binding sunset clause in the Brexit backstop deal. This would anger the EU but would bring them back to the negotiating table; or at least that’s what chief Conservative whip Julian Smith has…

Canada’s data has been strong Here’s a look at the economic surprise index from Citi, it measures where economic data is better or worse than expected. At the moment, Canada is on top after strong employment and CPI data.

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